Red Electrica Corp (RDEIY) Receives Average Rating of “Hold” from Analysts

Red Electrica Corp (OTCMKTS:RDEIY) has received a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company.

A number of equities analysts have commented on RDEIY shares. Berenberg Bank downgraded shares of Red Electrica from a “buy” rating to a “sell” rating in a research note on Wednesday, November 1st. ValuEngine raised shares of Red Electrica from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, Deutsche Bank raised shares of Red Electrica from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th.

Shares of Red Electrica (OTCMKTS:RDEIY) traded down $0.24 during mid-day trading on Thursday, reaching $10.49. 58,829 shares of the company’s stock were exchanged, compared to its average volume of 61,901. Red Electrica has a one year low of $8.75 and a one year high of $11.57.

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